296 Blisard RD #C
About This Property
Surrounded by a blend of established homes and local businesses, the location supports both residential comfort and commercial visibility. With no known restrictions, you have the flexibility to create a homestead, workshop, retail space, or investment property tailored to your vision.
Elgin continues to attract buyers and investors thanks to its small-town charm, expanding growth, and proximity to major employment hubs. Convenient access to Hwy 290 provides an easy commute to Austin, Tesla, Samsung, and the SH 130 corridor. Nearby conveniences include H-E-B, Walmart, local dining, coffee shops, and the historic Elgin downtown district known for its charm and community events.
Whether you're looking to build, invest, or establish a business presence in a rapidly developing area, this property offers flexibility, infrastructure, and location in one of Central Texas' most promising growth corridors.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 21, 2026 | Listed by Phyllis Browning Company | $400,000 | |
| Listed by Phyllis Browning Company | |||
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| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
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Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017